Houston TX 375ksqFt office building 77% occupied 6.3 WALT renovated in 2020 LEED gold certified with energy star designation. Good cash flow value add opportunity with long term committed & diverse tenancy. $16m in capX since 2018 & 210ksqFt leased in the last 3 years. Tax shelter property - normal sale owner asking $53m / 10.8% cap in place (14% stabilized yield on cost, upper 20% LIRR) negotiable
📍 Houston
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